A robot is simply a system that analyzes past data and tries to predict the price based on that. It has no logic to think about fundamentals, about sudden changes, about different unexpected events. The Forex market is very dynamic - I mean it is always evolving and the factors that move the prices tend to change as well. Again, how the robot measures the sentiment? What about the traders' psychology? It is really difficult to know what's next for sure, even if you analyze past data again and again.

When it comes to trading, the bigger your capital, the larger your trade size. Foreign exchange markets give investors a lot of leverage when trading. In other words, a small amount of capital can go a long way. A trader can buy or sell up to 500 times more funds than he actually has. This way, you can easily generate more substantial gains (or losses) even without having a large capital at hand. In fact, some markets allow a leverage ratio of up to 50:1 or 100:1. In other words, a single dollar can be worth up to $50 or $100 when trading. This means that you can earn a lot of money with a relatively small investment.

Secure and safe - Trading platforms should be safe and secure. After all, it will be dealing with your hard-earned cash, as well as containing all your personal and financial information. You need to be confident no unauthorised parties can get hold of this information, and use it for their own profit. There should be safety measures in place that are immediately noticeable as soon as you log in.

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Forex is always quoted in pairs, in terms of one currency versus another. Take for example GBP/USD (sterling vs US dollar) - the fluctuations in the exchange rate between these two is where a trader looks to make their profit. The first currency, also known as the base is the one that you think will go up or down against the second currency, which is known as the quote.

If you're a believer that cash is king, you can take that motto straight to the forex market. Investing in foreign exchange is essentially investing in cash only you'll be taking advantage of higher interest rates from other countries central banks. This is a particularly attractive prospect given the historically low interest rates the U.S. has had in place for the last several years. With forex investing, you have the security and liquidity of cash, with greater opportunity for return.

Once you have the profit and loss values, you can easily use them to calculate the margin balance available on your trading account. You do not have to calculate all your trades manually as usually it is done automatically by the brokerage accounts. Nevertheless it is important to understand the calculations to structure your trading (it will help you to calculate the margin needed to hold a position depending on the leverage your trading account offers). By keeping all that in mind, you will manage your risks effectively and increase the profitability of your trading account.